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Duplex With Detached Garage
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5054 N Lockwood Avenue, Chicago, IL 60630

Fully occupied two-flat with separate utilities, fenced outdoor space, and convenient access to transportation and area schools.

Property SizeContact for details
Days on Market159

Property Features for 5054 N Lockwood Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning MULTI

Building Details

Year Built 1926
Listing Agency: GC Realty and Development
Listed By: Samantha Swaney · License #IL 471.022842
Source: Crexi
Added: Mar 30 Changed: Aug 31 Last Checked: Aug 29 at 2:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GC Realty and Development

Investment Insights

Based on property information with market context.

Built in 1926, this MULTI-zoned residential property is configured as a two-flat with an additional garden-level unit. The garden unit’s legal status has not been confirmed. All units are currently occupied, with tenants in place and willing to continue their existing leases. Separate utilities serve each unit, supporting straightforward allocation of ongoing operating responsibilities.

Outdoor features include a private patio, fenced yard, and detached two-car garage. The property is located near expressways, public transportation, and local schools, providing access to established transportation and community amenities.

Key Highlights

  • Two‑flat configuration with an additional garden‑level unit
  • Garden unit legality has not been confirmed
  • All units occupied with tenants in place

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Acupuncture Catering Service Gym & Fitness Center Furniture & Home Goods Nursing Home Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,580
Businesses Nearby

Demographics for 60630, IL

54,064
Population
23,393
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
4.7 sq mi
ZIP Area
11,503
Density / Sq Mi
$97,134
Median Household Income
$54,576
Median Earnings
$1,357
Median Rent
$362,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Fully occupied two-flat with separate utilities, fenced outdoor space, and convenient access to transportation and area schools.
Where is this duplex located?
The property is located at 5054 N Lockwood Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two‑flat configuration with an additional garden‑level unit; Garden unit legality has not been confirmed; All units occupied with tenants in place
More about this property
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